PayPal is now offering Funds Withdrawal to Bank Accounts in India. I think the facility has been enabled before 2 days itself. Today only I recieved an email from PayPal about the new feature. This is sure great news to lots of people in India who are into online business as withdrawing money from PayPal account was a big bottleneck for a long time. That inconvenience was reduced a bit when PayPal earlier announced funds withdrawal to VISA Credit Card. But that was not a complete answer to the problem. So this new feature is a big relief and now other methods of transfering funds like xoom can be avoided.
I have included the details and also the screenshots of the process in this post.
